secwatch.observer — SEC 8-K summary
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Issuer:     Corsair Gaming, Inc. (CRSR)
CIK:        0001743759
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037939
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corsair Q2 revenue beats at $325.4M (+14.6% YoY); reiterates FY2023 outlook
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- Net revenue $325.4M, up 14.6% YoY; gaming components segment $246.7M (+26.6%), peripherals $78.8M (-11.5%).
- GAAP net income $1.1M ($0.01 diluted EPS) vs loss of $59.4M a year ago; adjusted net income $9.8M ($0.09 diluted).
- Adjusted EBITDA $17.8M, improved from -$11.0M in Q2 2022; gross margin up 1270 bps YoY.
- FY2023 guidance upheld: revenue $1.35B-$1.55B, adj. EBITDA $90M-$110M, adj. op income $75M-$95M.
- Post-quarter, acquired certain assets of Drop, a community e-commerce platform for custom keyboards and keycaps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743759/000095017023037939/0000950170-23-037939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743759/000095017023037939/crsr-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037939

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer